In this course, you’ll learn the key components of modern-day investment strategies which utilize fintech. Professors Natasha Sarin and Chris Geczy of the Wharton School have designed this course to help you understand the complex structure of payment methods and financial regulations, so you can determine how fintech plays a role in the future of investing. Through analysis of robo-advising and changing demographic forces, you’ll learn how basic elements of trust underlie complex choice architecture in investments and impact investing. You’ll also explore payment methodologies and how fintech is emerging as an entrepreneurial solution to both investments and payment systems. By the end of this course, you’ll be able to identify different financial technologies, and understand the dynamic between the innovations and regulations, and employ best practices in developing a fintech strategy for yourself or your business. No prerequisites are required for this course, although a basic understanding of credit cards and other payment methods is helpful.

CF

clear and concise teachings lead to a quick understanding of the material presented. video length was great; never too long. visuals were easy to understand and interpret.

AA

Jun 30, 2019

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My first course in Coursera and it did not disappoint! I recommend this FinTech course to anybody seek a quick yet detailed introduction to the world of FinTech! Thank you

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Module 2: Key Considerations in FinTech

In this module, you’ll examine new attitudes towards financial advice and trust in the financial industry. Through close examination of the financial behaviors of millennials, you’ll gain a deeper understanding of the effects of technology in changing personal financial practices. You’ll also explore the emergence of risk aversion and impact investing due to changing ideas about the purpose of businesses. Then you’ll discuss the key components and characteristics of both a successful financial advisor and financial algorithms. By the end of this module, you will better understand the future of investing, and be able to utilize trust to overcome volatile markets and navigate complex decisions.

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Christopher Geczy

Adjunct Professor of Finance

Natasha Sarin

Assistant Professor of Law

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So millennials are optimistic, they're hopeful. They're hopeful about their financial future. They may be currently less trusting one another and certainly of financial services firm more than a footnote of importance to FinTech entrepreneurs and clients. They also experienced the GFC very vibrantly in tech full Technicolor. To say it another way, as you saw in the data a second ago, the risk aversion clearly shifted as the empirical evidence preceding it suggested they would be coming less tolerant of risk, more averse to taking chances in the financial markets. Although there's not a bevy of research specifically identifying the GFC in the market volatility as a point of discontinuity, the anecdotal evidence suggests that we see a generational shift and social attitudes, that have motivated millennials to have a greater desire to matter in the world. To say it another way, impact investment strategies have risen to high level of importance for millennial asset owners, not just today, but in the way they answer questions about the future. For example, a recent US Trust survey found that almost 90 percent of millennial respondents are either currently owned or are interested in owning in the future investments that allow them to express their values, their missions, and social impact concerns, that focuses on environmental sustainability, it focuses on social responsibility, issues of ethnicity, race, gender in investments, and a whole bevy of non-financial concerns. A recent World Economic Forum survey of about 5,000 investors across almost 20 countries, showed results suggesting that over a third of millennial respondents felt that improved society should be the top priority of business. That contrasts with what Milton Friedman is often described as suggesting which is that the only social responsible activity of business should be producing profits. If you look at the data, purpose and profit were the top two scored primary purposes of businesses for that millennial demographic. If you look at the lowest quarter spots, it was creating wealth. So millennials want to matter, and they want to matter through their investments as well as through other activities. We can see, as you can see on the graph in front of you, how environmental, social, and governance activities and purposes, and pursuits have increased at essentially the same time we've seen an increase in interests in FinTech. The growth of ESG in corporation reported by investors of all varieties including mutual funds and institutions and so on has been dramatic. Almost $12 trillion in the US was reported at the end of 2018 being allocated in some non-financial capacity or with a non-financial purpose again across environmental, social, or governance criteria, again with millennial motivations by some measure of it.